The Effect of Monetary Policy on Bank Wholesale Funding

We study how monetary policy affects the funding composition of the banking sector. When monetary tightening reduces the supply of retail deposits, banks attempt to substitute wholesale funding for deposit outflows to smooth their lending. Because of financial frictions, banks have varying degrees o...

Ausführliche Beschreibung

Gespeichert in:

Bibliographische Detailangaben
Veröffentlicht in:	Management science 2021-01, Vol.67 (1), p.388-416
Hauptverfasser:	Choi, Dong Beom, Choi, Hyun-Soo
Format:	Artikel
Sprache:	eng
Schlagworte:	Bank deposits bank lending channel bank liability Bank loans Banking industry Banks cross-sectional heterogeniety deposit Effects financial stability Funding liquidity regulation Monetary policy monetary transmission Reliance wholesale funding substitutions
Online-Zugang:	Volltext
Tags:	Tag hinzufügen Keine Tags, Fügen Sie den ersten Tag hinzu!

Schreiben Sie den ersten Kommentar!